by John Darer CLU ChFC MSSC CeFT RSP CLTC Updated May 4, 2026
On September 3, 2025 Fitch Ratings affirmed the “AAA” insurer financial strength ratings of of New York Life Insurance Company (NYLIC) and its wholly owned subsidiary, New York Life Insurance and Annuity Corporation (NYLIAC) with a Stable Outlook. This is good news for the structured settlement industry and New York Life structured settlement annuitants as well as those holding other New York Life products such as life insurance and annuities.
Founded in 1845, New York Life is the largest mutual insurer in the USA and the annuity issuer for New York Life Structured Settlements
Founded in 1845, New York Life Insurance Company is the annuity issuer for New York LIfe structured settlements and is the largest mutual life insurance company in the United States
New York Life was listed as number 69 on the 2025 Fortune 500 and holds the distinction of being one of only 3 insurers with the highest ratings from all four major financial rating firms at time of publication.
New York Life Insurance and Annuity Corporation (NYLIAC) is the qualified assignment company used for New York Life structured settlements.
Fun Facts About the New York Life Building in New York City
- Did you know that the New York Life building was at 51 Madison Avenue in New York City was opened in 1928, when President Calvin Coollidge pressed a button in The White House?
- The Cass Gilbert designed building was built on the site of the second Madison Square Garden on the Northeast corner of Madison Square park. In case you’re wondering, there have been 4 Madison Square Gardens!
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